FAQs About Motorcycle Insurance

Motorcycle insurance is one of the biggest costs involved in riding your motorcycle. Whether your ride is a scooter or a sports bike it’s best to get the best value insurance policy that covers everything you need.

What determines the cost of motorcycle insurance

Your personal details

In the insurance business, age is a common determinant for risk. Male riders under 25 are considered the most likely to file claim, whereas female and older riders are more likely to receive lower premiums. Occupation may also come into play in factoring premiums, depending on whether the coverage compensates you for time missed at work.

Where you live

A big influence on the cost of your car insurance is where you live. The chance of your car being broken into or stolen is a key concern for the insurer. More urban areas traditionally facing greater risk of theft and therefore tend to be more expensive than countryside locations.

The type of bike you own

The type of bike you own can greatly affect your insurance premium. Naturally, a more expensive bike will cost an insurer more to fix or replace. Motorbikes with better engines and faster speeds will represent a greater risk for collision as well as damage caused by an accident.

Older model bikes may require more maintenance and difficulty securing repair parts. For motorbikes older than 20 years, it would be wise to seek an insurer that specialises in classic bikes and cars.

Who else will be riding the bike

Adding another rider to the policy will affect the overall cost. Adding an experienced motorist will generally lower your premium. Conversely, adding a younger individual may escalate costs.

As each insurance company weighs these factors differently, you will find fluctuations in the prices you are quoted. Cheaper rates most likely find your situation more amenable to their particular risk formula.

Usage of the bike

The more often you ride your bike, the more likely you will be involved in an accident. Moreover, bikes that are used for commuting represent a greater risk than those ridden for pleasure, due to the difference in traffic. Residents living in high traffic postcodes may also experience higher insurance costs.

Storage and security measures

Theft represents another concern for insurance companies when calculating premiums. Alarms or anti-theft devices such as an immobiliser, bike lock, or ground anchor can mitigate this risk. In some cases, an insurer might recommend a specific brand or anti-theft device to their consumers.

Parking your bike in a garage can further alleviate theft concerns. Insurance companies will also factor in the crime rate in your postcode before settling on a quote.

Previous claims or convictions

Riders who have made previous claims or suffered motoring convictions present a greater risk to insurers. If you fall into one of these categories, it may be best to seek a company that specialises in insuring convicted riders

Your excess

The excess is the amount of any claim that your insurer will expect you to cover. For example, your riding your bike and you have an accident your bike now needs repairs worth £1000 and your excess is £100, you’ll have to pay £100 and your insurer will pay the remainder.

The more cost you are willing to absorb, the lower your premium. Having a high excess is ideal for riders who travel infrequently or on less busy roads. Those who commute daily may want a lower excess in order to file a claim for minor accidents. This, in turn, will elevate the cost of insurance.

No Claims Discount

Save up your no claims discount by avoiding making small claims upon your policy. After a set number of years, 4 or 5 typically, you’ll often be offered the option to pay an additional small premium to protect your no claims bonus. This can prove very helpful if you subsequently end up having an accident.

Advanced driving skills

By taking an advanced driving course you may also be able to reduce your premiums. The Institute for Advanced Motorists and the Royal Society for Prevention of Accidents each offer membership which provides you with discounts for both the cost of driving courses and your car insurance premiums. Two key variables NOT within the policyholder’s control

Consolidating policies

By insuring a number of vehicles with the same insurer, or by trying to take out home and life insurance through your car insurer, you may be able to secure a ‘bulk buy’ discount.

One final piece of advice

A large percentage of insurance is now sold on the Internet. That’s because it’s convenient and cheap. Many insurers now give a further 10%-15% discount if you buy online.

Level of cover

Third party

This covers the policy holder against damage to a third party’s property or to the third party themselves. Third party only bike insurance cover is usually a cheap motorcycle insurance policy compared to Third Party Fire and Theft or Comprehensive motorcycle insurance.

For example, if you have an accident with another vehicle and it is your fault then the Third Party Only policy will pay for the repair to that other vehicle, and will pay for any medical claims or injuries suffered by the occupant(s) of the other vehicle and your pillion rider. A Third Party Only bike insurance policy will not pay for the costs of repairing your own vehicle nor will it pay anything toward your medical expenses if you are injured. In addition, if your vehicle is stolen or is set on fire, a Third Party Only policy will not make any payment toward the theft or repair of the vehicle.

Third Party Fire & Theft

This is exactly the same as the Third Party Only motorcycle insurance policy, set out above, however a Third Party Fire and Theft UK motorcycle policy will pay out in the event that your vehicle is stolen or is set on fire.

Fully Comprehensive

A Fully comprehensive UK motorcycle insurance policy will pay-out for third party damages and injuries, will pay-out in the event of your vehicle being stolen or set on fire, and will also pay for any damage to your own motorcycle regardless of whose fault the accident was.

Niche Marketing Strategies for Home Business

In today's intensely competitive business environment, it is usually difficult to stay afloat, particularly when you're a small home business owner working on shoestring budget. You do not have access to viable means and amenities to compete directly with large business houses and serve a broad spectrum of consumers. In such an adverse business scenario, niche marketing emerges as the most feasible and cost effective strategy that can help home business owners to stay ahead of their competitors and maximize their profits.

"What exactly is niche marketing and how can it help my home business to prosper?" This is the most pertinent question that must be impinging your mind at this joke. Before introducing you to the technicalities of the concept of niche marketing, it would be worthwhile to focus the floodlights on niche market, first. Niche market is a narrowly focused portion market that can easily be targeted. The nature of your niche market and the effectiveness of your niche marketing strategies are intricately intertwined. Here, to ensure overall growth of your home business, you would have to devise your niche marketing strategies according to your niche market.

You can not frame effectual niche marketing strategies unless you're familiar with your niche market. Identifying a niche market is all about finding a distinct segment of consumers whose needs you'll be able to fulfill successfully. For instance, you're a copywriter with expertise in writing brochures, then your niche market would include all those consumers who require brochures time and again. Once, you've identified your niche market, conduct a thorough competitive analysis to identify your direct competitors as well as determine what niche marketing strategies they are using to stay ahead.

It is usually believed that a niche market without any competitors is the best territory to establish home business. To an extend this perception is true. It may be possible that other home business owners may not have discovered your niche market. However, it may also be possible that many may have tried and failed to penetrate the territory. Here, to maintain your risks at a manageable level, it is advisable to access your niche market's receptiveness to your products and services first.

Upon completion of the process of identification of niche market, you would have to plan out strategies to market your products or services in your niche market, and this is what niche marketing is all about. Some potential niche marketing strategies with respect to home business are as follows:

o Before approaching your niche market, try to acquire as much knowledge about the needs of your target audience as possible. By abiding by this niche marketing strategy, you would be able to address the problems of your prospects as an understanding member rather than an outsider. Once, you succeed in winning the confidence of your potential customers, it will become easier for you to sell your products or services to them.

o Do not commit the mistake of using the same method to solve problems of different nature. For instance, you sell leather products primarily to men. Now, you want to include working women in your niche market. In order to do so, you would require leather products exclusively for working women. You can not convince a woman to buy products that are solely for men. In other words, you can not solve a woman's problem with men's products.

o Market your product or service in a manner that will compel your target audience to believe that this is exactly what they need or what they have been looking for. Be prepared to spend time and resource to educate your target audience about your unique product or service. Convince them that only your product or service has the potential to solve their problems forever.

o The last, but the most important niche marketing strategy is to make your target audience believe that your home business is genuine, and not a fragment of an entrepreneur's wild imagination. To achieve credibility, you would have to highlight your home business in all your marketing materials as brochures, websites, press releases and even your business cards.

After going through this comprehensive account on niche market and niche marketing, it can be deducted that the right mix of niche marketing strategies is all that is required by the home business owner to excel.

Work At Home Entrepreneurs – Profiting From Micro-Blogging

If you are one of those people who work at home then this article will get you thinking. There is a new kid in the block called micro-blogging. These are social networking sites where users can send short messages to people following them. Unlike blogging where you have to come up with a full article, micro-blogs are like one liner messages; talk of lazy work at home blogger. The amazing thing, you can generate huge traffic from these websites.

Whatever business you are running, attracting customers to your business is the key to your success. Currently, social media marketing is the way to go. But websites like Facebook and MySpace have been given a run for their money. This happened with the introduction of sites like Twitter, Yammer, Plurk and others.

The advantage of micro-blogs is that they are faster means of promoting your online business. Work at home business people have discovered that you can now reach more people through sites like Twitter, identi.ca and Jaiku. This is mainly because the number of people joining these sites is increasing by the minute. To some great extent this is an awesome deal to online marketers.

Early I called this mode of communication "lazy work at home blogger"; This is because all you need to come up with are updates containing 140 to 150 characters. Therefore, now you have no excuse for not succeeding in attracting sales leads to your online products. All you need is to come up with short juicy lines, that will leave people with no choice but to follow your links, which you include within your short messages.

The one thing that crowns it all when it comes to micro-blogging is the fact that it is mobile phone compatible. This means apart from working at home you can work on the go. Big multi-national companies are now spending millions of dollars to communicate to their customers through Twitter. A good example is Dell, which has hired over 100 employees to send hourly tweets to their customers.

Follow the links below to get more insightful content on improving your work at home experience.

Using GPS Vehicle Tracking Devices

It is estimated that it cost about $ 500 a day to put a delivery or service vehicle on the road. If you are a business that depends on these resources you know how hard it is to manage them effectively. The advent of sophisticated and smaller GPS vehicle tracking devices now allows every fleet manager to efficiently manage their resources. Many companies have realized tremendous savings as a result of employing this technology.

Private citizens are also utilizing the new technology as well. If you own more than one vehicle, boat, motorcycle, travel trailer or motor home know exactly where they are important. In addition if you have young drivers inside your house hold you will sleep easier knowing that you can at anytime find your child and your vehicle. In addition you can monitor their driving habits in order to keep them safe while on the road. The liability of owning a vehicle that is being driven by a teenager can be serious in this litigious society. The use of GPS vehicle tracking devices that feature real time uploads will go a long way in preventing any serious problems to your financial well being.

The laws concerning the use of GPS vehicle tracking devices vary from state to state. It is generally accepted that you are legally able to place a tracking device on any vehicle that you own as either and individual or a business. Placing a tracking device on a vehicle that is not under your legal ownership or control is generally considered to be illegal in most circumstances. Penalties for violating privacy laws in some circumstance can lead to serious fines and even incarceration. Many businesses and private individuals have ignored these laws because it is reliably difficult to detect GPS vehicle tracking devices. Business that seek trade secrets or information that will give them a competitive edge frequently conducts illegal tracking activities. The very small size of the new real time GPS tracking devices makes it very easy to place a device just about anywhere on a vehicle.

In the same venue individuals also are violating the law by placing tracking devices on the vehicles of ex-spouses, girl or boyfriends. In addition there are several cases where stalkers have also used the technology to keep track of their victims. Many people think it is impossible catch someone doing illegal surveillance tracking but they are mistaken. Technology that detects cell phone transmissions can easily detect the tracking device uploads to the GPS service company that provides the tracking information you are receiving. Again this is a violation of the law use GPS vehicle tracking devices to track another private citizen. It is just not worth the risk.